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and a house committee is set to look whether or not it should actually continue. chief correspondent jim angle is live in washington with more. hi, jim. >> reporter: hello, jenna. what started out as an effort to by ronald reagan to help people in rural areas to have a phone in case of emergencies what critics suspect is a new welfare program, listen. >> the cost has gone from $143 million a few years ago, to $2.2 billion today, a 15 times increase. >> reporter: now the cost of the program lept after cell phones were added in 2008. only those on low income programs such as welfare and food stamps legally qualify. but lawmakers say the program is out of control. >> i got a solicitation for a free phone at my apartment which is certainly not in a building where you're going to have people who are qualified for free phones. there is clearly money being wasted here. >> the fcc said in a recent year there were 270,000 beneficiaries that had more than one of these subsidized cell phones that is completely against the law right there. >> reporter: now funded by a small tax on all phone bills you can
morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer who is tasting mcdonald's new breakfast lineup which we'll talk about this hour. got a triple whammy of dow, dupont, trafrlers, utx pretty good as futures are on the rise. day of reckoning, some have said, netflix soaring after last night's results. in europe, weak pmis out of germany, china, too, but the european markets are pricing in higher expectations this morning for a rate cut from the ecb. our road map begins with users streaming internet flicks, the house of cards paying off for the company and shares skyrocketing for the company. is it too late to buy the stock. >> we're counting down to apple's earnings report and that will be after the close. the shares over the $400 mark. one way or the other. >> luxury not dead, at least not according to coach and we'll dig deeper into those numbers. >> u.s. airways and delta beating those numbers. >> not quite as sanguine. we'll take a look at the airline sector and talk about travel turbulence a bit, as well. >> definitely not comericcal. >> for the fir
afternoon. to help us through the issues of the day today ambassador jim jones, former u.s. ambassador to mexico will be here in studio with us. igor volsky, of course here as he is every tuesday from think progress and a very exciting guest today and an unusual guest, randy couture a former mma boxing star, a boxing star and an mma star and a great actor, too. extenders? >> expendables. i think he's a chump and i'm going to tell him that to his face. >> bill: he will crush you! >> you're probably right. >> bill: he will crush you. >> you're definitely right! >> bill: i have a friend who wrestled with him. >> no kidding! >> bill: he told him didn't stand a chance. flattened him out. >> if you're not familiar with randy, go online and do a google image search for him. >> bill: i'm afraid of him already. >> there are a lot of pictures of him with his shirt off. he is chilled out of rock. >> bill: i'm afraid of him already. i'm going to have cyprian come in and stand alongside of me. >> your body guard? [ laughter ] perfect. >> bill: all right. and yes indeed, they're whining about air tr
to jim simons, the founder of jim simons, the founder of renaissance right after the crash, he said his firms stepped away from the markets. that's what happened this time around. this only happened for a minute, but the damage could be much deeper. and for all the people in the u.s., outside the u.s., this is a playbook. so be careful. >> exactly. a playbook, a good analogy there. >> we didn't even get to the issue of whether the s.e.c. will rethinking their ruling on allowing social media for material information, because that, i suspect, will become part of the conversation at some point in all of this. >> got to happen. we're in the final stretch of trading, about 35 minutes before the closing bell sounds. we've got a market up in the triple digits, up 139 points. >> delta air, us airways flying high after posting rare first quarter profits. when we come back, find out if these stocks can soar even higher. >>> also ahead, he's one of the federal reserve's biggest critics. but jim grant has his eyes on two stocks really benefiting from the fed's easy money policies. he's going to giv
as well. let's get jim in on this conversation, international chairman and ceo. jim, when i saw this, i thought, wait a minute, this is unbelievable considering that every casino i've ever been in, they want to keep you inside, not bring you outside. tell me what's at the heart of this idea. >> well, you're right. it's not your father's casino environment. this is to reflect the new consumer, the consumer is experienced samplelers. they want not to be told what to do, and we're building a park that will be the connective tissue between two iconic resorts already, new york new york and monte carlo. we're bringing danny meyers from shake shack out to las vegas for the first time, and we're building a brand new 20,000-seat arena that will anchor this park. so imagine an indoor/out experience where people can go around and not be told what to do, do what they want to do, and i think it's going to benefit the existing resorts we have. liz: and you've also got the hershey's chocolate world. i like chocolate so, of course, i totally -- [laughter] i completely focused on chocolate world. but i
at the same time. people can also fork out $500 to attend a joe montana autograph signing or $150 to see jim harbaugh at a stadium event. the new stadium will cost $1.2 billion when all is said and done. >>> sal, everything okay in san jose? >> yes, it is. it is a little bit slower than it was. northbound as you drive up through downtown and get into the valley, it will be slow. but we don't have any major crashes on the way. just people getting back to work and we don't have -- we don't see anything really terrible here. the traffic continues to slow on 101 as well by the way getting up to the 880 interchange. we had an earlier crash at the toll plaza. they had to get those cars out of the way. for a while, even the carpool lanes were slowing down. it does look like they've cleared the crash and the traffic is beginning to recover. southbound 880, there was a crash at the bottom of the ramp. 880, it's been causing slow traffic on the nimitz freeway. 7:38. let's go to steve. >>> clear skies, not much of a breeze. hardly anything at all. at the surface, almost everyone says calm. toughest for
tsavraev, at the request of the russian government. cnn's national political correspondent jim acosta joins us from washington now with what's going on. a lot of frustration, a lot of what ifs, could if this boston magnificent y massacre been prevented? those are the questions that will be brought forward today. >> that's right, wolf. it will be playing out on capitol hill. the senate intelligence committee has set a hearing for 2:30 this afternoon with fbi officials, they will be the lead briefers at this hearing. i'm told from a source of that committee. lawmakers want to find out if federal investigators somehow failed to see big red flags coming from tamerlan tsavraev. as lawmakers are praising authorities for the quick work in the boston bombing case, members of congress are still calling for hearings, into the fbi's handling of dead suspect tamerlan tsavraev, who traveled back to a dangerous region of russia, just last year. >> what did he do, when he went back for six months? sit in his aunt and uncle's home for six months or doing something else? and when he came back to this countr
were introduced by senator diane and representative jim costa. those bills would add 1600 acres on the western border of the park. john argued for including that land more than a century ago but lost out to timber companies. they say the expansion would be paid for with life collected from offshore oil drilling. a solar powered is back in the skies over the bay area tonight preparing for cross country flight. the swiss made solar impulse is on a 16 hour test flight. flew over the golden gate bridge this afternoon. this is video of an earlier flight near the field. the plane is set to fly over the bay bridge within the next couple of hours. the solar impulse is considered to be the world east most advance plane its massive wings are covered with 12,000 solar cells abdomen that plane can fly all day and all night without liquid fuel. >> oracle has a new yacht on san francisco bay. it happened last october out on the bay. the wing on that $8 million boat was destroyed when the boat flipped over during a practice run. news chopper 2 flu over the florida san francisco today as it pla
will have one of the echo creators of jim chapin will be here to talk to read his new project. we will see you here tomorrow. "the willis report" as telling a next. ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" budget cuts bite at airports across the country and passengers feel it. >> i got here and they said that the flight was canceled. gerri: the old adage, sell in may and go away, but how did you invest the right way this year? we will show you how. your boss snooping under facebook and twitter. are your privacy rights gone for good? we are on the case tonight on "the willis report." ♪ gerri: tonight's top story, delays at airports coast to coast. according to the faa, flights into new york, baltimore, and washington are delayed because of not enough controllers on hand to monitor the busy corridors. joining me now, president of boy group international and erik hanson, director of domestic policy for the u.s. travel association. welcome to you both. i will start with you, mike. what do you make of this? the fda is saying many of these delays are two ho
jim harbaugh at stadium preview event. the new stadium will cost $1.2 billion when all is said and done. >>> your time is 6:07. there will soon be more options if you ride the ferry between south san francisco and the east bay. starting next monday, they are adding a 6:20 p.m. trip. right now the last ferry leaves at 5:20. now ridership has been down so the ferry operators are hoping that adding more evening trips will attract more commuters. they also hope to attract more tourists and school trips. >>> we are looking at the bridge pam and dave. and westbound bay bridge is becoming more crowded as you come up to the pay gates. even though the metering lights are not on. that is why you have that big empty spot there for the fast track. but once they turn the metering lights on at 6:15 that empty spot will go away. looking at the san mateo bridge it looks pretty good. there was a car fire westbound 92 near industrial. it's on the shoulder. could cause slow traffic on the way to the san mateo bridge. this morning if you are driving on 92 over to 101 traffic there looks good. 6:08
it and start over, not expand it bret? >> bret: all right, jim. thank you. the treasury department says the internal revenue service the irs overpaid up to $13.6 billion in tax credits designed for low income families last year. the report finds the irs in violation of requirements that it set and meet payment reduction targets that it set and meet payment reduction targets. still ahead, emotions come to the surface over boston and immigration reform. first after a week of domestic turmoil, the president turns his focus to international turmoil. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. happening in that department. >> while the president responded to domestic terrorism in boston last week and monitored the search for suspects,
promise to find it just for you right here on "mad money." i'm jim cramer. thank you, everybody. see you tomorrow! >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." let's get started right away. the big story today a shocking but fake tweet and from the associated press and set off a steep stock market selloff and then just as suddenly, a stock market rebound. what on earth happened? cnbc's own eamon javers joins us with this incredible story. good evening. >> it was a really bizarre turn of events starting at 1:07:00 p.m. here's the tweet that the a.p. account put out at that minute. it said, "breaking" two explosions in the white house and barack obama is injured. that was a fake report as a result of a hack attack against the a.p. twitter account. but it set off this reaction in the dow jones industrial average, as you see from the chart, a huge spike down on that news. down about 143 points at the bottom. and then bouncing right back up, all of that happening within the space of about three minutes. and by sheer coincidence, the white house briefing was set t
that i served in the senate choking or half joking that jim demint should run for president. this is not exactly what i had in mind. perhaps he misunderstood me. the thing that makes jim demint a great leader is the same thing that has always made people like max balding and the heritage foundation so valuable. you are sharing assistance on making a positive case for conservatives, what conservatives are for. in washington is common for both parties to succumb to easy negativity. republicans and democrats are opposed to each other in an outspoken partisanship. it is what almost gets the most headlines. this negativity is not appealing on both sides. that helps explain why the government is increasingly held in such beauregard by the american people. for the left, the defensive crouch at least makes sense. liberalism's main purpose is to defend its past gains from conservative reform. negativity on the right to my mind makes no sense at all. the left has created this false narrative liberals are for things and conservatives are against things. when we concede this narrative w
's jim dickey has some answers. >> good morning, john, diana. tracking a cold front. pushing eastward, seeing soaking rainfall this morning across portions of the midwest. and snow in the ohio valley, and snow in the twin cities, into wisconsin. back on into denver. good news is the snow does wind down but not before many spots have picked up as much as 6 to 12 inches of snow, twin cities area up into canada. this is while we are seeing soaking rainfall here. many of the spots. river levels fall from record levels. flash flooding, major concern where the rain is falling. but all of the rain, all of the floodwater continues to filter down the mississippi. many spots southward still watching the rivers rise. widespread major flooding ongoing here through the week. john and diana, back to you. >> jim, thank you. >>> to boston now where top officials have kicked off fund raidsing. efforts for the victims of the marathon bombing. >> that's right. the one fund boston has already gotten $1 million commitment from the john hancock insurance company. you can see the number one prominently on t
rise any higher. jim spellman is live in spring bay, illinois. i'm looking at your pictures now. i know home and business owners are just devastated by all of this. >> reporter: they can take some of that bay area weather here in illinois. two blocks this way is the banks. it started to come up wednesday and it's cresting here. statewide, this is even worse, the governor has asked fema to come in and do an assessment. the real problem, it's just begin, all of the water from all of the spring, storm, rain, is making its way south, inundating the communities. the good news, we haven't heard reports of widespread damage. it's mostly riverfront communities. they put a mandatory evacuation in here. fire chief tells us he's ready to do water rescues if they have to. they may not have that really -- really widespread reach but to the areas it's hitting, it's a serious situation -- serious situation. >>> any forecast about a letup in the near future? >> well, they expect about an inch of rain. it just started raining here in the last hour. beyond that, though, i think they will get a break. so
, that is the --. >> host: charles there is tweet relating to what you're saying. jim writes can an american citizen be considered an enemy combatant? >> guest: absolutely goes back to the civil war. goes certainly to world war ii. anwar al-awlaki was american-born. president obama use ad drone to kill him in the wilds of yemen. if you, if you fill eight yourself with enemy forces and you go to war against american citizens and you kill americans will fully and you do so on behalf of a movement or enemy forces then indeed you can be considered an enemy combatant. being a enemy combatant simply because you're an american citizen. if in world war ii you went over and joined nazi forces were you not a enemy combatant? of course you were. . . >> he didn't treat those terrible tragedies as access war, but appropriately treated them as heinous criminal acts to be investigated, prosecuted, and appropriately punishes. >> host: al-alwaki was an american citizen, kimed on orders of president obama. did president obama violate the constitution by doing that? >> guest: well, actually, we have a lawsuit in which
Search Results 0 to 15 of about 16

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